Quantbot Technologies LP Buys New Position in Agilysys, Inc. (NASDAQ:AGYS)

Quantbot Technologies LP purchased a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,779 shares of the software maker's stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGYS. SG Americas Securities LLC bought a new position in Agilysys during the second quarter valued at approximately $1,847,000. Eagle Asset Management Inc. grew its position in shares of Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker's stock worth $16,959,000 after buying an additional 53,026 shares in the last quarter. Natixis Advisors LLC bought a new stake in Agilysys during the 2nd quarter valued at $1,111,000. Seven Eight Capital LP purchased a new stake in shares of Agilysys during the second quarter valued at about $580,000. Finally, William Blair Investment Management LLC purchased a new position in Agilysys in the second quarter worth $21,039,000. Institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC boosted their price objective on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. StockNews.com cut shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Oppenheimer raised their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Northland Securities reissued an "outperform" rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Agilysys currently has an average rating of "Moderate Buy" and a consensus target price of $137.80.

Agilysys Stock Performance

Agilysys stock traded down $1.19 on Tuesday, reaching $131.05. 72,703 shares of the stock were exchanged, compared to its average volume of 215,693. The stock has a market cap of $3.66 billion, a PE ratio of 38.28 and a beta of 0.93. The firm has a fifty day moving average price of $116.42 and a two-hundred day moving average price of $108.13. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $139.99. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business's revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now owns 22,624 shares of the company's stock, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now directly owns 34,654 shares in the company, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,523 shares of company stock valued at $2,971,199. 19.30% of the stock is owned by insiders.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.